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Jun 18, 2014
06/14
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he made his mark as a deficit hawk. putting in place new transparency measures for all federal spending. he was listed as a vice presidential high prospect in 2008 and 2012. we wonder if he will in 2016. is national press club privileged to have two superstars and their staffs. caitlin done for senator portman for senatorunn portman and others have been helpful. i want to introduce my wife, a george washington medical center. she has a real job, looking for cures for cancer. i also want to thank the also rebecca, if you will raise your hand. she will be carrying the mic to the audience. that way the media will be -- get the advantages of the questions from the audience. i know that is important to c-span also. i want to thank the national press club's executive director. and the club photographer who does such a special secular -- spectacular job. and ourudio people --v a audio people. let's lead with the senator. >> thanks very much. we have worked together in the past. we consider him an honorary ojai in -- ohioan. he
he made his mark as a deficit hawk. putting in place new transparency measures for all federal spending. he was listed as a vice presidential high prospect in 2008 and 2012. we wonder if he will in 2016. is national press club privileged to have two superstars and their staffs. caitlin done for senator portman for senatorunn portman and others have been helpful. i want to introduce my wife, a george washington medical center. she has a real job, looking for cures for cancer. i also want to...
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Jan 29, 2014
01/14
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our deficits cut by more than half. and for the first time in over a decade, business leaders around the world have declared that china is no longer the world's number one place to invest. america is. that's why i believe this can be a breakthrough year for america. after five years of grit and determined effort, the united states is better positioned for the 21st century than any other nation on earth. the question for everyone in this chamber, running through every decision we make this year is whether we are going to help or hinder this progress. for several years now, this town has been consumed by a rancorous argument over the proper size of the federal government. it's an important debate. one that dates back to our very founding. but when that debate prevents us from carrying out even the most basic functions of our democracy. when our differences shut down government or threaten the full faith and credit of the united states, then we are not doing right by the american people. now, as president, i'm committed to
our deficits cut by more than half. and for the first time in over a decade, business leaders around the world have declared that china is no longer the world's number one place to invest. america is. that's why i believe this can be a breakthrough year for america. after five years of grit and determined effort, the united states is better positioned for the 21st century than any other nation on earth. the question for everyone in this chamber, running through every decision we make this year...
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Mar 9, 2014
03/14
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new taxes, big deficits. we're talking about revving up the base. the base has typically been young people. another piece you have in this budget is expanding the number of people, student loan borrowers who can get income based repayment plans meaning you pay less depending on your income level. this is another big effort to say to young people, there's a stake for you this fall in cheaper student loans. >> you could call that buying votes, but that would be a pejorative statement on my part, wouldn't it? has the president so fundamentally changed america in the last five years, has he changed america fundamentally in the last five years to the point where this kind of class warfare, this kind of spreading the money out. take it from here and give it to there, will it work, do you think? >> here's the problem for the president. the white house is very careful when they put out this budget. what they really wanted to focus on and get people to notice is look, the deficit is falling. mostly it's because tax revenues are gushing in and because the pre
new taxes, big deficits. we're talking about revving up the base. the base has typically been young people. another piece you have in this budget is expanding the number of people, student loan borrowers who can get income based repayment plans meaning you pay less depending on your income level. this is another big effort to say to young people, there's a stake for you this fall in cheaper student loans. >> you could call that buying votes, but that would be a pejorative statement on my...
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Jun 12, 2014
06/14
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deficit is the coming down, thank you president obama. we need to talk about it more. what they're doing today is almost seven times the investments in education, job in aing, social services, year. 10 times the annual investment in our veterans. that is what they're doing on the floor today. what is also problematic about it, the problems it creates are twofold. one is an opportunity cost for all the investments they want to make if we have a budget. when the chairman had his proposal, it was paid for. now, he is ringing a bill to the floor that is not paid for, but realpermanent, a opportunity cost than any investments we will have in growth in our country. also, an opportunity for having reform,nsive tax fairness, supplication reform, close loopholes, lower corporate rates. you all of the things but let's do it comprehensively instead of taking these things off the table, crippling our ability to invest in the future and r&d and all the things we want to do in an important way. but not a deficit increasing way. so they continue to require full offsets for everything
deficit is the coming down, thank you president obama. we need to talk about it more. what they're doing today is almost seven times the investments in education, job in aing, social services, year. 10 times the annual investment in our veterans. that is what they're doing on the floor today. what is also problematic about it, the problems it creates are twofold. one is an opportunity cost for all the investments they want to make if we have a budget. when the chairman had his proposal, it was...
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Dec 24, 2014
12/14
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i'm hopeful that we can -- i know the deficit has come down, but it's still way, way too high. if we totally eliminated all of the budget spending that we get to vote on each year, totally eliminated it so we have no discretionary budget and are just down to the mandatory items, we'd still be running a deficit of about a half trillion a year. and that's totally unacceptable. and yet all of the cutting has come out of the discretionary side. we have not faced up to the fact that we need to fix the mandatory spending. that's where the real problem is. so i can think of a lot of things that we need to do, but i'm not in a position -- last year i wasn't in a position. i'm obviously not going to be in a position in a week or two from now. but say i could just be king for a week or so. i'd be very benevolent and nice. i'd be a nice king. if we could get people back to work, if we could free them from a lot of the bureaucracy and the red tape in getting things done, it would be the way to get this thing back in order. you know, during world war ii, we built a pentagon in one year. if
i'm hopeful that we can -- i know the deficit has come down, but it's still way, way too high. if we totally eliminated all of the budget spending that we get to vote on each year, totally eliminated it so we have no discretionary budget and are just down to the mandatory items, we'd still be running a deficit of about a half trillion a year. and that's totally unacceptable. and yet all of the cutting has come out of the discretionary side. we have not faced up to the fact that we need to fix...
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Jan 8, 2014
01/14
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a trade deficit means the jobs are getting exported overseas. if we could rebalance our trade we would create a lot more jobs here at home. the minimum wage is not on the table for discussion. mr. limbaugh doesn't like to talk about that. and the infrastructure is falling apart in this country. and the irony of this is if we spoke about some of these concrete things instead of everybody giving their vision of morality, then we would actually be able to take some concrete steps forward that would put people to work on proposals that both sides could agree on, like infrastructure. >> well, one of the new republican views of the economic morality of this is that any extension of unemployment benefits should be, quote, paid for. that is to say taken for some other section of the budget. and that's something that they were not troubled by in the past when they were doing this under president bush. but let's listen to what mitch mcconnell today said about one way of possibly paying for these benefits. >> i would like to propose that we be allowed to o
a trade deficit means the jobs are getting exported overseas. if we could rebalance our trade we would create a lot more jobs here at home. the minimum wage is not on the table for discussion. mr. limbaugh doesn't like to talk about that. and the infrastructure is falling apart in this country. and the irony of this is if we spoke about some of these concrete things instead of everybody giving their vision of morality, then we would actually be able to take some concrete steps forward that...
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Apr 15, 2014
04/14
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and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care. deny, deny, deny. >> they know they've got a math problem with obama care. and the numbers are not going to work out so that the program is actuarily sound and they're going to have somebody to come spin the numbers. >> the obama administration is using funny numbers when it's touting the enrollment numbers. >> obama care has been the single greatest lie i've ever witnessed. >> they need a fall guy when the truth comes out that they don't have 7.5 million enrollees. >> well, limbaugh's got a point there. they don't have 7 million enrollee
and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care....
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Jan 14, 2014
01/14
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critics will say that because of our deficit we cannot afford this. i agree we have to do more to get our deficit under control but every budget that we write is about choices. they are about our riorities. they are about who we fight for. we are competing with countries and markets in every corner of the world and we cannot afford to lose this. when we close our doors to early childhood education, we risk a future engineer, scientist, or doctor that could make the next breakthrough. it is the best thing we can do to propel kids out of poverty. we should invest in our children. the last piece of my proposal is the most obvious. equal pay for equal work. the promise was made 50 years ago which continues to be broken every single day in this country. today, women make up more than half of the american population and nearly half of our workforce. women are out-earning men and are a growing share of the primary household earners, but still to this day, men are out-earning women. on average a woman earns $.77 on every dollar a man earns and even less for w
critics will say that because of our deficit we cannot afford this. i agree we have to do more to get our deficit under control but every budget that we write is about choices. they are about our riorities. they are about who we fight for. we are competing with countries and markets in every corner of the world and we cannot afford to lose this. when we close our doors to early childhood education, we risk a future engineer, scientist, or doctor that could make the next breakthrough. it is the...
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Mar 18, 2014
03/14
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the challenge is not the deficit in the short term, it is the deficit rising to capture that. levelticular, a very high of debt is now 70% of gdp. that is way above word was for most of the postwar. it can slow emulation of capital and the growth of wages and incomes. -- slow the accumulation of capital and growth of wages and incomes. the high level of debt and growing deficits, the reason action today would be beneficial is because we want to make changes in programs for retirees or changes in the tax code. it is better to make those with a warning. one wants to set changes in motion early, even if the full effect will be felt for many years. >> we're going to take some questions from the audience. there are people with microphones. if you just want to raise your hands -- we have a question over there. go ahead. >> good morning. my name is tom with marconi pacific am a we are a technological consulting firm. a question about technological driven deflation, and i'm wondering if cbo has done any work in that area, looking at the effects of the internet, driverless cars, machin
the challenge is not the deficit in the short term, it is the deficit rising to capture that. levelticular, a very high of debt is now 70% of gdp. that is way above word was for most of the postwar. it can slow emulation of capital and the growth of wages and incomes. -- slow the accumulation of capital and growth of wages and incomes. the high level of debt and growing deficits, the reason action today would be beneficial is because we want to make changes in programs for retirees or changes...
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Apr 2, 2014
04/14
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and then he says that he is against deficits and wants to balance the budget. and he proposes over a long period of time that we will scale back the commitment to sustaining the medicare program. well, what i'd say is, i respect somebody like -- remember old ron paul in that campaign? where they say okay i'm for smaller government. let's cut back the size of pentagon. and if somebody wants to cut back medicare, why don't you do it tomorrow and see what the voters have to say about it. >> senator bill white. thank you for your time. now with alex wagner is up next. let me get this straight... [ female voice ] yes? lactaid® is 100% real milk? right. real milk. but it won't cause me discomfort. exactly, because it's milk without the lactose. and it tastes? it's real milk! come on, would i lie about this? [ female announcer ] lactaid. 100% real milk. no discomfort. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got m
and then he says that he is against deficits and wants to balance the budget. and he proposes over a long period of time that we will scale back the commitment to sustaining the medicare program. well, what i'd say is, i respect somebody like -- remember old ron paul in that campaign? where they say okay i'm for smaller government. let's cut back the size of pentagon. and if somebody wants to cut back medicare, why don't you do it tomorrow and see what the voters have to say about it. >>...
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Jan 17, 2014
01/14
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no other nation has trade deficits like this. if republicans are so concerned with cutting the deficit, they should be against the tpp. it is not just nafta. cohen also brought up our most recent trade deal with korea. >> even the corkorea trade agreement, we've lost more jobs since its passage. >> i would like someone who is in favor of this trade deal to step out and hold a press conference, go on some of these big tv shows on the weekend and tell us just what these numbers are for american workers. they can't do it. thankfully there are a number of lawmakers who side with cohen and this show. >> it's about wages. people cannot survive with the wages they have lost over the years. >> but also the rights of the job. collective bargaining. it's a big thing. it's not just one little piece. it's a collection of things that american people have lost. >> we're going to bring you this entire interview later on in this show. the battle lines have been drawn on the tpp. this is all about numbers. this is all about manufacturing. this is
no other nation has trade deficits like this. if republicans are so concerned with cutting the deficit, they should be against the tpp. it is not just nafta. cohen also brought up our most recent trade deal with korea. >> even the corkorea trade agreement, we've lost more jobs since its passage. >> i would like someone who is in favor of this trade deal to step out and hold a press conference, go on some of these big tv shows on the weekend and tell us just what these numbers are...
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Mar 8, 2014
03/14
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big deficits. politically, we've been talking about riling up the base. a big part of that obama base has been young people. this year of course has been terrible for young people economically. for whatever reason they seem likely to vote for them. another piece you have in this budget is expanding the number of people, student loan borrowers who can get what is called income-based repayment plans. you pay less depending on your income level. this is another big effort to say to young people, there is a stake for you this fall in cheaper student loans. >> you could call that buying votes. that would be a perjorative statement. kim, has the president fundmentialy changed america to the point where this class warfare is spreading the money out, take it from here and give it to there, will it work? >> here is the problem. >> what they want to focus us on they kept saying the deficit is falling. we can talk about why that is. mostly because tax revenues are gushing in and because the president is robbing the military of a lot of money. the fact they had to ta
big deficits. politically, we've been talking about riling up the base. a big part of that obama base has been young people. this year of course has been terrible for young people economically. for whatever reason they seem likely to vote for them. another piece you have in this budget is expanding the number of people, student loan borrowers who can get what is called income-based repayment plans. you pay less depending on your income level. this is another big effort to say to young people,...
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Jul 25, 2014
07/14
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eye 102
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the deficit con the be clearer. this is the president who extended the social safety net of health care. >> if you're going to wait for republicans to give him credit, you're waiting for a long time. if the economy's going well, then the president doesn't get as much heat as he or she will when the economy is not doing well, there's a little question as much as president obama's policies have been working they've had a positive effect. people on the left say, if he had to have done more spending, the economy would be even more robust. there are others who say, he didn't go far enough in cutting the deficit. >> do you think he should be out there -- you don't want to take a victory lap or anything out there. we're out there -- it's in the right direction. i don't hear anyone talking about the deficit at all any more. should he be out there saying, you guys wanted this addressed and we addressed it. >> deficit halls are the core of the tea party, the core of supply side conservatives and it's something that notices. n
the deficit con the be clearer. this is the president who extended the social safety net of health care. >> if you're going to wait for republicans to give him credit, you're waiting for a long time. if the economy's going well, then the president doesn't get as much heat as he or she will when the economy is not doing well, there's a little question as much as president obama's policies have been working they've had a positive effect. people on the left say, if he had to have done more...
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Mar 7, 2014
03/14
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america'senge is growing opportunity deficit. we see this opportunity deficit the bottom of our economy, where dysfunctional welfare poor families in poverty. we see it in the middle class where washington drives up the of gas and groceries, homes and health care, of raising kids and getting a good education. and we see it at the top, where political and corporate elite rig the system to benefit themselves at the expense of businesses and working families. taken together, these challenges represent america's real problem of inequality. income gap between the rich and poor. betweenopportunity gap washington d.c. and everybody else. [applause] progressives believe the this inequality is bigger government. but big government dysfunction the single biggest cause of all these problems. solutionsconservative to these problems. to close america's opportunity and rescue our economy governmentiety from dysfunction. but i'm here to tell you those solutions are not coming from establishment. a new generation of conservative ideas must come
america'senge is growing opportunity deficit. we see this opportunity deficit the bottom of our economy, where dysfunctional welfare poor families in poverty. we see it in the middle class where washington drives up the of gas and groceries, homes and health care, of raising kids and getting a good education. and we see it at the top, where political and corporate elite rig the system to benefit themselves at the expense of businesses and working families. taken together, these challenges...
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Mar 5, 2014
03/14
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deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase taxes on the wealthy. it is part of the grand bargain that washington has talked about for years. republicans do not want to go there. from thatled back issue. -- chairmanans have ryan has gone farther in the entitlement area, but it is ,ifficult for the president with his democratic base so type ofto any entitlement reform, unless they see higher taxes on the wealthy. we are in a standoff. spending? about what does he want to spend money on to try to grow the economy? package -- hes a has called it the opportunity growth and security fund. it would hit
deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase...
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Mar 20, 2014
03/14
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plan to hold down these deficits in the long run. but to keep fiscal policy loose in the short run because the run be economy is so weak. back right now because the economy is weak, don't raise taxes because the economy is together a forcible plan to do it over 30 or 40 years. what the white house and congress have formulated is the opposite. together spending restraints in the short run that have affect the discretionary spending, not just on the budgets of nasa but also the military, there has been a very big squeeze on military. they have done little to address these longer-term problems related to medicare and social security, which are the drivers of long-run deficit. not happy with government fiscal policy. the fed thinks fiscal policy has made its own job harder in the short run and has not solved the long-run problems. caller: the real estate market is unsustainable. to the home i grew up in chicago , 30 minutes north of chicago, it was a three-bedroom house, full basement, now it is a single-family grudge. that home, i looke
plan to hold down these deficits in the long run. but to keep fiscal policy loose in the short run because the run be economy is so weak. back right now because the economy is weak, don't raise taxes because the economy is together a forcible plan to do it over 30 or 40 years. what the white house and congress have formulated is the opposite. together spending restraints in the short run that have affect the discretionary spending, not just on the budgets of nasa but also the military, there...
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Sep 3, 2014
09/14
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we found it would reduce the deficit over three decades by $8 trillion. that's at the federal level. there is also reduction in spending and tax revenues on the state level because of the medicaid reforms. it makes the trust fund permanently solvent and covers more people because it drives down the cost of private coverage in the individual market and employer sponsored market by 17%. if health coverage is less expensive more people want to buy it. this plan covers 12 million more people above and beyond what the a.c.a. does and gets us closer to universal coverage and improves healthcare out comes for the poor by transitioning them away from the medicare program to private coverage where they can have high quality access to the best care we have developed in this country. with that, you can find out more about the plan by going to the manhattan institute's website. and i look forward to your questions. thank you very much. [applause] >> thank you very much for that. it's wonderful to see different perspectives and different ideas and you can get a sense
we found it would reduce the deficit over three decades by $8 trillion. that's at the federal level. there is also reduction in spending and tax revenues on the state level because of the medicaid reforms. it makes the trust fund permanently solvent and covers more people because it drives down the cost of private coverage in the individual market and employer sponsored market by 17%. if health coverage is less expensive more people want to buy it. this plan covers 12 million more people above...
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Mar 4, 2014
03/14
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reducing deficits as a share of g.d.p. to 1.6% by 2024 and with regard to the issue of stabilizing our debt to g.d.p. ratio, that occurs in 2015, and then we start a declining path. the budget shows the president's vision for moving the country forward. it provides a responsible, balanced and concrete plan that can serve as a guide for congress and its work in the upcoming year. thank you. >> thank you. my role is to present the economic forecast that underpins the budget. the administration projects that economic growth will strengthen over the next several years as the economy continues to return to the full utilization of all its resources. the ongoing recovery will be aided by several factors. the overall shift of fiscal policy towards a more neutral stance, progress in household deleveraging, including gains in housing and stock market wealth and further potential for home building. this near-term recovery is consistent with c.b.o. which projects a similar pace of growth over the next three years. we assume that the g
reducing deficits as a share of g.d.p. to 1.6% by 2024 and with regard to the issue of stabilizing our debt to g.d.p. ratio, that occurs in 2015, and then we start a declining path. the budget shows the president's vision for moving the country forward. it provides a responsible, balanced and concrete plan that can serve as a guide for congress and its work in the upcoming year. thank you. >> thank you. my role is to present the economic forecast that underpins the budget. the...
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what are those things we can do to step in the right direction with jobs, the economy, getting the deficit under control while we deal with it being out of control. >> president is not going to sign that. you made comments about pope francis. you praised him for taking on the debate about poverty. but dismissed his critique of capital him. you said the guy is from argentina. they haven't had real capitalism in argentina. was that too flip? >> no. they have crony capitalism in arkansas ggentin argentina. that's real exploitation. that's crony capitalism. we are starting to see it in america. what i'm excited about the pope's comments, he's inviting the debate, not settling it. and asking lay catholics how we would tackle the problems and stop higisolating the poor. he's starting a fantastic debate. if you look at comments closely, he talks about the welfare mentality. about the welfare state and how we have to avoid creating a welfare state. bring the poor in, create upward mobili mobility, and free enterprise that gives opportunity to everybody in life and in america. that's what we are fo
what are those things we can do to step in the right direction with jobs, the economy, getting the deficit under control while we deal with it being out of control. >> president is not going to sign that. you made comments about pope francis. you praised him for taking on the debate about poverty. but dismissed his critique of capital him. you said the guy is from argentina. they haven't had real capitalism in argentina. was that too flip? >> no. they have crony capitalism in...
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Apr 9, 2014
04/14
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a zero deficit is an unnecessary goal if you think about the basic math of deficits and debt. the reason our debt has grown to such a significant level in this country is because for the last several years our deficits, as expressed as a percentage of the economy, have exceeded the economic growth on an annual basis for the economy. and the math of that results in a growing debt which is problematic. and unless we change the direction of our debt, we will have little limited financial stability in the future. if we get our deficits to a rate below the rate of growth in the economy, then definitionally, the debt in this country will go down. and most experts agree that we should be targeting deficits of 1% to 2% and economic growth of at least 2% to 3%. that will cause our debt to go down to historical levels and give this country the financial flexibility that it needs. so if you seek an unrealistic goal or if you seek the wrong goal in budgeting and forecasting, you are forced to overcorrect. and there are two ways to overcorrect in budgets. or at least in the federal budget.
a zero deficit is an unnecessary goal if you think about the basic math of deficits and debt. the reason our debt has grown to such a significant level in this country is because for the last several years our deficits, as expressed as a percentage of the economy, have exceeded the economic growth on an annual basis for the economy. and the math of that results in a growing debt which is problematic. and unless we change the direction of our debt, we will have little limited financial stability...
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Nov 10, 2014
11/14
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and your tax cut policy created a larger deficit, $1.8 billion deficit hole that you have to plug next year. part is because revenues -- state revenues didn't come in as expected. is it possible that the idea of cutting taxes is a way to create jobs and stimulate the economy isn't working in wisconsin? >> no. that's just the opposite. the reason revenues are down is because we cut withholding. withholding at the state and federal level is where the government takes more of the money you owe them and holds it. we anticipated that reduction in revenue because we gave the taxpayers more money back. that $1.8 billion is based on a projection of no growth and no change no the budget. that doesn't happen. in our case, if we have the average in the last five years revenue growth, we have the next budget starting with more than a half a billion dollars in surplus. the simple answer is you compare us to illinois where they raised taxes, we lowered taxes by $2 billion in property and income, we have a lower unemployment rate. >> one way you could deal with your deficit is to accept medicaid mone
and your tax cut policy created a larger deficit, $1.8 billion deficit hole that you have to plug next year. part is because revenues -- state revenues didn't come in as expected. is it possible that the idea of cutting taxes is a way to create jobs and stimulate the economy isn't working in wisconsin? >> no. that's just the opposite. the reason revenues are down is because we cut withholding. withholding at the state and federal level is where the government takes more of the money you...
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Oct 3, 2014
10/14
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deficits cut by more than half. high school graduations up, college enrollments up, energy production up, clean energy production up. financial system more stable. health care costs rising at a slower rate. trendlinesboard, the have moved in the right direction. that is because this new foundation is now in place. new investments in energy and technology. new investments in education that will make our workforce more skilled and competitive. new reforms to health care that cut costs for families and businesses. new reforms to our federal budget that will promote smart investments and stronger economy for future generations. new rules for our financial system to protect consumers and prevent the kind of crises that we injured from -- we endured. it is no surprise that for the first time in more than a decade, business leaders from have said theld world's most attractive place to invest is not india or china -- it's the united states of america. and that is because the financial sector is healthier, because manufactur
deficits cut by more than half. high school graduations up, college enrollments up, energy production up, clean energy production up. financial system more stable. health care costs rising at a slower rate. trendlinesboard, the have moved in the right direction. that is because this new foundation is now in place. new investments in energy and technology. new investments in education that will make our workforce more skilled and competitive. new reforms to health care that cut costs for...
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Apr 10, 2014
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to accrueontinue deficits of over $10 million a year. most economists say if you get it down to under three percent of the economy, that is sustainable. on twitter saying -- let's hear from brett next in louisiana, a republican caller. off, all of you both republicans and democrats should be embarrassed of yourself the way you of handled our business over the past 10 to 15 years. you make fun of us in the tea party because of our views but a lot of us were not happy because of the latter years of the bush years and we are very unhappy now of what is happening. .ou talk about this deficit president obama and the democrats keep bragging they cut the deficit in half. most americans are ignorant and do not understand the difference between the debt and the deficit. if you check out the numbers, the deficit has been larger under president obama's death -- presidency, including 2009. president obama has kept us more in the deficit than president bush in eight years. spending aboutow $400 billion less a year than we were when president obama to
to accrueontinue deficits of over $10 million a year. most economists say if you get it down to under three percent of the economy, that is sustainable. on twitter saying -- let's hear from brett next in louisiana, a republican caller. off, all of you both republicans and democrats should be embarrassed of yourself the way you of handled our business over the past 10 to 15 years. you make fun of us in the tea party because of our views but a lot of us were not happy because of the latter years...
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Nov 10, 2014
11/14
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the deficit has shrunk to its lowest level compared to the size of the economy since 2008. the deadbt accumulation is growing. yet, americans disapprove of the job the president is doing on the economy. there's a reason for that. the recovery is concentrated in more densely populated areas. we asked luke russert to visit the america that the recovery has left behind. >> reporter: far from cities, and often too far from campaign trail, rural america is not feeling the economic recovery. unemployment in georgia stands at roughly 8%, the highest in the nation. and in the small towns, jobs with a future are hard to come by. >> we may be in a recovery in some places but not in rural america. tough times. >> if i don't work, i don't eat. >> reporter: these towns once thrived growing peaches. but jobs left and the work never came back. what's not working for them? washington. >> you can't control &stuff. >> reporter: at lunchtime, bar be bers and clients say they can't be heard. >> how can my voice be heard? >> reporter: feeling ignored, small business owners, like this man who o
the deficit has shrunk to its lowest level compared to the size of the economy since 2008. the deadbt accumulation is growing. yet, americans disapprove of the job the president is doing on the economy. there's a reason for that. the recovery is concentrated in more densely populated areas. we asked luke russert to visit the america that the recovery has left behind. >> reporter: far from cities, and often too far from campaign trail, rural america is not feeling the economic recovery....
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Jul 31, 2014
07/14
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accountingst an trick, but it hurts our country's finances and it adds to the deficits, and it sticks the tab because if they're not paying their fair share and stashing their money off shore, you don't have that option. it ain't right. it not right, it ain't right. [applause] i hope everybody is clear on the distinction there. are some right.that are not and then there are such things that just ain't right. [cheers and applause] this ain't right. havenow, i mean, you don't accountants figuring this stuff out for you, trying to game the system. shouldn'tanies either, and they shouldn't turn their back on the country that made their success possible. by the way, this can be fixed, for the last two years i've put forth plans to cut corporate taxes, close loopholes, make it clear. and to republicans i say join with me, let's work to close this unpatriotic tax loophole, let's use the savings that we get from closing the loophole to invest in things like education that are good for everybody. don't double down on top down economics. let's really fight to make sure that everybody gets a cha
accountingst an trick, but it hurts our country's finances and it adds to the deficits, and it sticks the tab because if they're not paying their fair share and stashing their money off shore, you don't have that option. it ain't right. it not right, it ain't right. [applause] i hope everybody is clear on the distinction there. are some right.that are not and then there are such things that just ain't right. [cheers and applause] this ain't right. havenow, i mean, you don't accountants figuring...
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Oct 29, 2014
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he took over a $3 billion deficit and turned it into a surplus, lowered property taxes. act ten we call it. he gave us control of our state government back. he asked that people that work for the state government pay something for their health and pension benefits just like the hardworking taxpayers who paid for them in the first place do. and he gave us the ability to reform our schools at local school district level and those reforms are working. we're getting more jobs in wisconsin, more employers relocating, balanced budget, reformed schools, it's working but the liberal progressives are coming unglued. they don't want to see these reforms stick. i always tell people courage is on the ballot. trying to accepted a signal to any other reformer don't dare try this because we'll get you next. >> the ads are worse than the ad of a paul ryan look alike throwing poor grandma over the cliff, i think it was that bad. by all accounts this should be a good year for the republicans a week from tonight. i don't know. i don't have a crystal ball. but i look at the polls. that's wh
he took over a $3 billion deficit and turned it into a surplus, lowered property taxes. act ten we call it. he gave us control of our state government back. he asked that people that work for the state government pay something for their health and pension benefits just like the hardworking taxpayers who paid for them in the first place do. and he gave us the ability to reform our schools at local school district level and those reforms are working. we're getting more jobs in wisconsin, more...
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Jul 25, 2014
07/14
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are we going anywhere with deficit reduction? we're two years removed from the president talking about during the campaign a pledge to cut the budget -- to cut the budget by $4 trillion. are we going anywhere now? >> so two things, chuck. as you know, the deficit has come down dramatically in the last four years, as the economy has improved and as we've done two things. we have had spending cuts and we've also had the repeal of the tax breaks for the highest income earners. that has helped. now, if you look at the long-term deficit picture, we certainly need to do more. i know the president is disappointed that he hasn't gotten support from our republican colleagues for his balanced approach, which says we've got to do more targeted spending cuts and some reforms absolutely. but we also have to close these corporate tax breaks to help reduce the deficit. and the republican position has been very clear and unmoving on this, which is they refuse to close a single corporate tax break or other tax break for the purpose of reducing th
are we going anywhere with deficit reduction? we're two years removed from the president talking about during the campaign a pledge to cut the budget -- to cut the budget by $4 trillion. are we going anywhere now? >> so two things, chuck. as you know, the deficit has come down dramatically in the last four years, as the economy has improved and as we've done two things. we have had spending cuts and we've also had the repeal of the tax breaks for the highest income earners. that has...
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Feb 6, 2014
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to go down to 5.8% by 2017 and projected robust economic growth year over year and anticipated the deficit will go down, all good things. on page 39 of the report it had that one paragraph where it said you will see a reduction in the hours worked potentially of workers that is the equivalent of some 2 million workers and never said in the report and i did spend the day reading through the report and also reading the washington post fact checker, it never said job being lost. if you are talking about job loss you would be saying the demand for labor would go down and businesses would want to hire fewerer people or people who wanted to look for work wouldn't be able to find it. this is about supply and somebody who wanted to retire but puts it off because they need health insurance so they put off retirement or somebody with a part time job but they add more hours trying to keep or get health care. those people not having to do that means they reduce their voluntary supply of labor into the market. part of this is a problem of head lines. the head lines were simplistic. there is nothing a p
to go down to 5.8% by 2017 and projected robust economic growth year over year and anticipated the deficit will go down, all good things. on page 39 of the report it had that one paragraph where it said you will see a reduction in the hours worked potentially of workers that is the equivalent of some 2 million workers and never said in the report and i did spend the day reading through the report and also reading the washington post fact checker, it never said job being lost. if you are talking...
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Sep 14, 2014
09/14
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. >> there was a care iz ma deficit. >> we're going to see, obviously, if she can try to make that up once she decides whether she's running or not. >> back to you, deb. we're watching this, and we expect hillary clinton and her husband will be here any moment. >> it's interesting because obviously the importance is to be able to mobilize supporters and maybe as peter said, sort of generate that kind of organic passion. i'm disappointed that you grill the steaks. it's a steak fry. now i have to get my head around that. thanks to both of you. we appreciate it. >>> we have much more just ahead in the newsroom. it all starts right now. >> hello, everyone. i'm deborah ferrick. horror being expressed over the beheading of a third hostage. british humanitarian aide worker david haines. the gruesome video like the ones we saw before showing his beheading posted on-line yesterday. it is similar to the killings of american james foley and steve sotloff and the masked executioner sounds like the same man that we saw in those previous videos. the humanitarian group that haines worked with said i
. >> there was a care iz ma deficit. >> we're going to see, obviously, if she can try to make that up once she decides whether she's running or not. >> back to you, deb. we're watching this, and we expect hillary clinton and her husband will be here any moment. >> it's interesting because obviously the importance is to be able to mobilize supporters and maybe as peter said, sort of generate that kind of organic passion. i'm disappointed that you grill the steaks. it's a...
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Apr 1, 2014
04/14
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to deal with the deficit. >> he calls for repeal of the president's health care law. >> at some point are the republicans going to stop saying repeal obamacare? h why stop? >> for moral document. it's a statement of values. >> the food stamp program. >> our biggest priority is taking away food stamps from hungry people. >> this actually slices not only food stamps but every program that the poor depend on in this country. >> also cuts subsidies to pbs. >> the budget he proposed was an albatross. >> this is not an april fools joke. it's cruel and unusual and ought to be barred by the constitution. >> we are standing by awaiting live remarks from president obama set to speak in the rose garden in just a few minutes to discuss the highly anticipated enrollment numbers for the affordable care act. but first, someone who wok would like to repeal the health care law in its entirety, paul ryan. a man lately, secretly visiting poor neighborhoods to talk about his deep concerns regarding americans' neediest. >> if you can go into various neighborhoods and see the good things that are happening
to deal with the deficit. >> he calls for repeal of the president's health care law. >> at some point are the republicans going to stop saying repeal obamacare? h why stop? >> for moral document. it's a statement of values. >> the food stamp program. >> our biggest priority is taking away food stamps from hungry people. >> this actually slices not only food stamps but every program that the poor depend on in this country. >> also cuts subsidies to pbs....
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Apr 15, 2014
04/14
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for the purpose of reducing the deficit. not one. not for hedge fund managers, not for big oil companies. we continue to ask the question, if hitting a particular target or a particular day is so important, why will you ask powerful special interests to make a contribution? because they ask nothing of the very powerful and the very wealthy, the budget socks it to everybody else. special interests, absolutely. there are a whole bunch of business coalitions are effective on capitol hill right now. in november when dave camp wanted to release his plan. we saw the house leadership, speaker boehner and eric cantor, say no, you're not allowed to release your plan. special interests were working in a way into talking, saying, camp is not ready, we do not like the provision yet. coalition, business roundtable has been public about the support forecast reform publicly. house leadership has told me that individual companies within these coalitions have been approaching leadership and say we are not ready for them to release this. they have pow
for the purpose of reducing the deficit. not one. not for hedge fund managers, not for big oil companies. we continue to ask the question, if hitting a particular target or a particular day is so important, why will you ask powerful special interests to make a contribution? because they ask nothing of the very powerful and the very wealthy, the budget socks it to everybody else. special interests, absolutely. there are a whole bunch of business coalitions are effective on capitol hill right...
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Jan 19, 2014
01/14
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deficits andcribe surpluses to presidents. presidents don't have a particularly important role in deficit or surplus. a lot of it has to do with the economy. out, it iser pointed congress who ultimately decides on the budget so it is not the president. he has a role in suggesting but it is ultimately congress. we tend to view government through the lens of whoever is the president. congress is 435 people and many people do not know who their own member of congress is. maybe we don't want government to be legislating as much. quality versus quantity -- stuff thatproducing is pointless are counterproductive or meaningless, maybe you should not be producing anything. again, there is a lot of differing views on what congress should be doing and what would be quality legislation. that is beyond the purview of the study that we did. it is more a philosophical question. it is a role of government question that i don't think changed. minds will be host: we are looking at the productivity or lack thereof of congress. it depends on how
deficits andcribe surpluses to presidents. presidents don't have a particularly important role in deficit or surplus. a lot of it has to do with the economy. out, it iser pointed congress who ultimately decides on the budget so it is not the president. he has a role in suggesting but it is ultimately congress. we tend to view government through the lens of whoever is the president. congress is 435 people and many people do not know who their own member of congress is. maybe we don't want...
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Dec 24, 2014
12/14
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where there has been progress is in the deficit, which has been paid down. oil, fracking, and so forth, the revenues that are coming in, that is good. but you really do need structural reforms to entitlement programs if we are going to deal with the deficit, and especially the debt. we have a lot of elderly people getting money. we have a lot fewer younger people going into the system. it cannot be sustained. unless you do the kind of for sure -- the kind of structural reforms that republicans are arguing are correct, they giving $100 million here or $1 billion there to reduce the debt, those are grains of sand on the beach of an ocean. we do have to get these kind of structural reforms. i would argue that we need structural reforms on a whole range of issues, entitlement programs and the tax code, education, our schools, our immigration system. i think that explains a lot of the frustration that americans feel. that ourave the sense institutions just are not performing well, and they are not producing the kind of educating -- the kind of educated children a
where there has been progress is in the deficit, which has been paid down. oil, fracking, and so forth, the revenues that are coming in, that is good. but you really do need structural reforms to entitlement programs if we are going to deal with the deficit, and especially the debt. we have a lot of elderly people getting money. we have a lot fewer younger people going into the system. it cannot be sustained. unless you do the kind of for sure -- the kind of structural reforms that republicans...
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Jan 29, 2014
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was republicans -- creating jobs was number one for both -- members of both parties, and reducing the deficit was number two for members of both parties, interestingly. that was something he didn't touch on. >> he didn't. you know, we look back to 2006 when we had the same item on that same scale. >> yeah. >> and it wasn't as big of an issue. and that has something to do with having a republican versus a democratic president at the helm, and, also, what has happened over the last four years in terms of our deficit. >> fred, another part of the poll that's interesting, we're able to look republican distric those that live in democratic congressional districts. a few things where there's not surprising diversion, right, in republican districts, the president's rating is 62%, and 56% when it comes to direction of the country. health care law, 56% say it's a bad idea, democrat districts, 52%. that's not surprising. here's where they do agree. they have a negative view of the republican party. does that give the democrats an opening? right now the midterm conventional wisdom says republicans have
was republicans -- creating jobs was number one for both -- members of both parties, and reducing the deficit was number two for members of both parties, interestingly. that was something he didn't touch on. >> he didn't. you know, we look back to 2006 when we had the same item on that same scale. >> yeah. >> and it wasn't as big of an issue. and that has something to do with having a republican versus a democratic president at the helm, and, also, what has happened over the...
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Jun 17, 2014
06/14
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it has an expanding benefit to the debt and deficit. a long-term problem can only be solved by those kinds of reforms. yet, we cannot seem to even get progress there. my proposal today is, let's make the commitment, at least, to take what is in the president's own budget and put that out as a spending reform here, even this year, because it seems to me that is where we should be able to find bipartisan consensus and take a small step toward dealing with these problems. success against success purely cannot allow the current situation to continue without making some rugrats. in the confirmation hearings recently with sylvia burwell -- she was before our finance committee, wanting to move from omb -- i do not blame her -- to the health and human services job. her response was, well, we cannot move on that without a balanced approach. balanced approach is, of course, raising taxes. raising taxes on upper income americans and businesses who pay taxes at an individual level. i understand that allen's sounds great, but think about this -- thi
it has an expanding benefit to the debt and deficit. a long-term problem can only be solved by those kinds of reforms. yet, we cannot seem to even get progress there. my proposal today is, let's make the commitment, at least, to take what is in the president's own budget and put that out as a spending reform here, even this year, because it seems to me that is where we should be able to find bipartisan consensus and take a small step toward dealing with these problems. success against success...
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Dec 20, 2014
12/14
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more people shrinking deficits. energy. pick any metric that you want. america's resurgence is real. we are better off. i have already said that recovering from the crisis of 2000 it was our first order of business. on that business, america has outperformed all for other competitors. over the past four years, we have put more people to work than all other advanced economies combined. we have now come to a point where we have the chance to problem,n even deeper the decades-long erosion of middle-class jobs and income, and to make sure that the middle class is the engine that powers our prosperity for decades to come. to do that, we have got to make some smart choices read of we have to make the right choices. we have to invest in the things that secure even faster growth, and higher-paying jobs for more americans. i'm being absolutely sincere when i say i want to work with this new congress to get these new things done. to make those investments. to make sure the government is working better and smarter. we are going to disagree on some things, but there
more people shrinking deficits. energy. pick any metric that you want. america's resurgence is real. we are better off. i have already said that recovering from the crisis of 2000 it was our first order of business. on that business, america has outperformed all for other competitors. over the past four years, we have put more people to work than all other advanced economies combined. we have now come to a point where we have the chance to problem,n even deeper the decades-long erosion of...
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Nov 14, 2014
11/14
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deficits are going to rise. whether they like it or not the face a numberwill that demand actions action. those of you in the audience who work here on capital hill will these into opportunities to enact more spending policies. those of you who choose to leadership mantle of on importantish eyes are here to assist you. previously mark also served as of the tant director 2011 and 20113 months at analyst known as reduction the super committee. next we have steve bell who director of ior economic policy. on the that steve worked staff of senator pete and budget 1981 to 1986 and last but not least we have bob, he executive tkroebgter of the concord coalition. he served a member of the debt force, also no one as the commission who pro a solution for addressing the fiscal challenges. with that i'll pose the first panel and each of the panel will have ten minutes to answer and open it up for questions. what do you is, see as the major opportunities for progress in the upcoming can lawmakers w best take advantage of the
deficits are going to rise. whether they like it or not the face a numberwill that demand actions action. those of you in the audience who work here on capital hill will these into opportunities to enact more spending policies. those of you who choose to leadership mantle of on importantish eyes are here to assist you. previously mark also served as of the tant director 2011 and 20113 months at analyst known as reduction the super committee. next we have steve bell who director of ior economic...
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Feb 2, 2014
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passing immigration reform will add growth to our economy, reduce our deficits. >> you don't seem confident that's going to happen. >> i actually think we have a good chance of -- >> i don't mean immigration reform. i mean the jobs issue bill. >> there are some issues it will be for them to move forward and i'm going to continue to reach out to them and say here are my best ideas, i want to hear yours, but as i said at the state of the union, i can't wait and the american people, more importantly, can not wait. we know one of the biggest problems of the jobs market is the long-term unemployment. >> people won't hire them because they've been unemployed so long. >> because they've been unel employed so long folks are looking at the resume and they're weeding them out before these folks even get a chance for an interview. so what we've done is to gather together 300 companies just to start with, including some of the top 50 companies in the country, companies like walmart and apple, ford, and others, to say let's establish best practices. do not screen people out of the hiring process just be
passing immigration reform will add growth to our economy, reduce our deficits. >> you don't seem confident that's going to happen. >> i actually think we have a good chance of -- >> i don't mean immigration reform. i mean the jobs issue bill. >> there are some issues it will be for them to move forward and i'm going to continue to reach out to them and say here are my best ideas, i want to hear yours, but as i said at the state of the union, i can't wait and the...
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Apr 2, 2014
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and by the way, just to be clear, all the spending cuts, they feed into the deficit reduction. they don't pay for the big tax cut. what pays for the big tax cut is about the largest giant asterisk you've ever seen in any budget which really says -- i'm paraphrasing, but i'm taking budget language and telling you what it says. assume we can close enough budget loopholes, and we will not name one, to pay for $5 trillion tax cut. this isn't even serious budgeting if you wanted to pretend for a moment that's where they're going for this. when i said this is an ideological document when he's talking about his vision, there's really no "there" there. >> thank you for joining me tonight. coming up, the ahead of the city council in albuquerque will join me to talk about what that city is now doing in the aftermath of police use of deadly force to kill a homeless man. house, unde. homeowner calls in the big guns. say helto home defense max. with the one-touch continuous-spray wand. kills bugs inside... ...and prevents new ones for up to a year. guaranteed. nothing to see here people. or
and by the way, just to be clear, all the spending cuts, they feed into the deficit reduction. they don't pay for the big tax cut. what pays for the big tax cut is about the largest giant asterisk you've ever seen in any budget which really says -- i'm paraphrasing, but i'm taking budget language and telling you what it says. assume we can close enough budget loopholes, and we will not name one, to pay for $5 trillion tax cut. this isn't even serious budgeting if you wanted to pretend for a...
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Jan 30, 2014
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able to, for example, pass immigration reform, that is going to add growth to our economy, reduce our deficits. >> you don't seem confident that that is going to happen. >> no, i actually think that we have a good chance -- >> i mean the jobs issue. >> i think there are going to be some issues where it's going to be tough for them to move forward and i am going to continue to say, hear are any ideas and i'll hear yours. but i can't wait and the american people, more importantly, cannot wait. so when, for example, yesterday i signed an executive order helping to set up starter accounts for folks who may not have retirement accounts on the job, it is not as big as if we change over all of our tax codes so we're providing more incentives for working families to save, the same incentives that the folks at the very top have, but it still is significant and makes a difference. we actually have a lot of resources for job training. the problem is, it's not well-coordinated and oftentimes it's not funneled to those programs that are allowing companies to help community colleges, let's say, design the t
able to, for example, pass immigration reform, that is going to add growth to our economy, reduce our deficits. >> you don't seem confident that that is going to happen. >> no, i actually think that we have a good chance -- >> i mean the jobs issue. >> i think there are going to be some issues where it's going to be tough for them to move forward and i am going to continue to say, hear are any ideas and i'll hear yours. but i can't wait and the american people, more...
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Apr 12, 2014
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not deficit reduction. i would respect it if it were for that. but to fuel more deficit spending. we have this big avalanche of debt in front of us. hollowing out of our military. we see this huge government in practice, and we know our country is in the wrong track. the easier story to tell, the teachable moment we are in right has is that this stuff nothing to do with the promises they made to sell it. i asked the congressional budget office a little while ago. as the budget committee chairman, i get to have the budget office when all of these numbers. i am a numbers guy. i said, i'm just curious. if we do not reform these entitlement programs, go after this corporate welfare, what will the tax rates have to be on my kids when i have grandkids? when i have grandkids running around the age of my kids question mark what will the tax rate have to be? a said they will try to figure this out and get back to. they sent me this letter. the low income tax rate that americans pay that is right now 10%, that will between five percent. to middle income tax will go 66%. the top tax rate, th
not deficit reduction. i would respect it if it were for that. but to fuel more deficit spending. we have this big avalanche of debt in front of us. hollowing out of our military. we see this huge government in practice, and we know our country is in the wrong track. the easier story to tell, the teachable moment we are in right has is that this stuff nothing to do with the promises they made to sell it. i asked the congressional budget office a little while ago. as the budget committee...
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Dec 3, 2014
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this bill doesn't have any significant offset that would add to the federal deficit. basically, the accommodations policy, ind were in existence in 2013 and you shouldn't have to pay for that, is the basic argument. >> you sent out a tweet that involves two lawmakers. , thecamp and ron wyden chair of the senate finance committee for now. you say -- what is going on here? what are their roles moving forward? breaks are about 55 tax that were expired and only a handful didn't get voted in the house bill. one of those is a tax break for plug-in vehicles, electric motorcycles, basically. one maker of those vehicles is in the home state of ron wyden and he has been a big advocate of that tax break. going forward, those two had a working relationship. they and the senate were getting close to a bill to make a bunch of these breaks permanent. that deal fell apart spectacularly last week. there has been a bit of animosity. ron wyden is not going to be the head of that committee much longer. you just tweeted about the future chair, orrin hatch, and his liberal allies unlikely
this bill doesn't have any significant offset that would add to the federal deficit. basically, the accommodations policy, ind were in existence in 2013 and you shouldn't have to pay for that, is the basic argument. >> you sent out a tweet that involves two lawmakers. , thecamp and ron wyden chair of the senate finance committee for now. you say -- what is going on here? what are their roles moving forward? breaks are about 55 tax that were expired and only a handful didn't get voted in...